Published on March 30th, 2016 | by Abdullah Sulehri0
Careem Acquires Savaree
Careem Pakistan Networks is delighted to announce its acquisition of Savaree, Lahore’s home grown pioneer of car hailing services. Savaree was founded by Madeeha Hassan in Jan 2014. She will be joining Careem’s global product team and will the role of product lead for Pakistan.
“We have had serious admiration for Madeeha, her grit, her entrepreneurial spirit and her awesome tenacity. She built Savaree from ground up, knows the nuts and bolts of this business and we are super excited to have her on board and lead product innovation for Pakistan. Careem’s strength in the region has been its localization of products, and Madeeha’s addition to the team is a shot in the arm on that front.” said Junaid Iqbal, Managing Director of Careem.
“This is still dream like for me. Hailing from Sadiqabad, graduating in Biotechnology, launching a tech startup, and to be acquired within 2 years, and now to join Careem, the region’s most exciting startups. I see in Careem the same vision and values that i identify with deeply.
Careem formally launched in Lahore in October 2015 and since then has launched in Karachi and most recently in Islamabad and is credited for being the largest and fastest growing app based car hailing service in the MENAP region.